HomeLight

AUGUST 31, 2021

Ask for proof of funds: You should always obtain documentation that a person or company is who they say they are and actually has the funds and abilities to complete a transaction of this size. Ask for proof of funds and EMD. Check their BBB rating. Request Cash Offer.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

HomeLight

MARCH 13, 2023

With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary. Most sellers approach Joseph because their home did not sell after several months on the open market due to outdated decor, major structural issues, or fire damage. For a rental, not as much,” explains Joseph.

Sales 75

Sales Investor Due diligence Renovation 75

HomeLight

AUGUST 24, 2022

However, this buyer needs a mortgage to finance the deal, and that can take months. When a buyer is using a mortgage, there’s always a chance they offer more than an appraiser thinks your house is worth , potentially putting the sale at risk. Do your due diligence. Before signing an offer, ask for proof of funds.

Purchase and sale agreement 100

Purchase and sale agreement Title search Proof of funds Title 100

HomeLight

MARCH 13, 2023

The buyer does due diligence during the agreed-upon option period in Texas (the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason: typically one to 10 days). “The biggest difference is there’s no lender to communicate with,” Speed says. “No No pre-qualifying for a loan.

Sales 65

Sales Investor House Flipping Pre-approval 65

HomeLight

JULY 31, 2021

They can purchase a property at a discount, providing value through a quick sale to the owner, and leverage their funds and expertise toward a profitable renovation. If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”. Good bones.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Proof of funds 98

HomeLight

MARCH 16, 2023

They sign the lease just a couple of weeks after the home is renovated and ready for occupancy. He routinely works with multiple crews of contractors so he completes renovations at a lower cost and with fewer headaches than most homeowners. He buys homes for cash, fixes them up, obtains refinancing, and then rents them out.

Sales 62

Sales Purchase and sale agreement Earnest money deposit Investor 62

HomeLight

OCTOBER 1, 2022

Agents know that buyers will pay a premium for a renovated home, versus one that hasn’t been updated in 20 years,” he explains. Before signing anything, Breeckner says it’s vital to do your due diligence. But that said, he urges FSBO sellers to ensure that prospective buyers have pre-approval and proof of funds.

MLS 86

MLS Pre-approval Agents Sales 86